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20121006
20121014
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CSPAN2 1
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africa 1
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economy. it sounds so reasonable when you put it like that. let me tell you why it's not. right now while we've got a deficit, the people we are borrowing money from believe we will pay it back because we set out a tough plan to cut spending and to live within our means. that's why our interest rates are amongst the lowest in the world even though the deficit left us by labour was one of the highest in the world. if we did what labour wants and we water down our plane, the risk is that the people we borrow money from woodstock to question our ability and our resolve to pay off our debts. some might actually refuse to lend us any money at all. others would only send it to us at higher interest rates. that would hurt the economy and it would hit people hard. if you have a mortgage of 100,000 pounds, just a 1% increase in interest rates would mean an extra thousand pounds to pay each year. so labour's plan to borrow more is actually a massive gamble with our economy and our future. it would squander all of the sacrifices we have already made. and let me put it like this. we are here be
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